Is Nixxy, Inc. (NIXX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 9.2% / 30% | 20.5% / 30% | 0.2% / 30% | 1911.43% / 5% | ✗ NOT HALAL |
| DJIM | 9.2% / 33% | 20.5% / 33% | 0.2% / 33% | 1911.43% / 5% | ✗ NOT HALAL |
| MSCI | 17.2% / 33% | 38.5% / 33% | 0.5% / 33% | 1911.43% / 5% | ✗ NOT HALAL |
| S&P | 9.2% / 33% | 20.5% / 33% | 0.2% / 33% | 1911.43% / 5% | ✗ NOT HALAL |
| FTSE | 17.2% / 33% | 38.5% / 33% | 0.5% / 50% | 1911.43% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 1.0% | |
| Operating Margin | -6.8% | |
| Net Margin | -39.2% | |
| Return on Equity (ROE) | -212.1% | |
| Return on Assets (ROA) | -56.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $1M |
| Debt-to-Equity | 1.9 |
| Current Ratio | 0.2 |
| Total Assets | $7M |
Price & Trading
| Last Close | $1.08 |
| 50-Day MA | $0.69 |
| 200-Day MA | $1.34 |
| Avg Volume | 643K |
| Beta | 1.2 |
|
52-Week Range
$0.47
| |
About Nixxy, Inc. (NIXX)
Nixxy, Inc. engages in telecommunications and software development in the United States and internationally. It offers billing systems, AI integration, wholesale long distance interconnections, and sales; intellectual property; and marketplace solutions. The company also provides Mexedia SMS services through its integrated cloud-based platform; and billing, and AI software assets. In addition, it offers telecommunications and wholesale voice/data; fintech and mobile commerce. Further, the company provides platform, such as CreateApp Platform as a Service (PasS); Paylogiq platform; and Gologiq a PaaS platform. The company was formerly known as Recruiter.com Group, Inc. and changed its name to Nixxy, Inc. in October 2024. The company is based in Bristol, Connecticut.
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Frequently Asked Questions
Is Nixxy, Inc. (NIXX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nixxy, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Nixxy, Inc.'s debt ratio?
Nixxy, Inc.'s debt ratio is 9.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 17.2%.
What are Nixxy, Inc.'s key financial metrics?
Nixxy, Inc. has a market capitalization of $29M, trailing P/E ratio of 6.4, and revenue of $612,046. The company maintains a gross margin of 1.0% and a net margin of -39.2%. Return on equity stands at -212.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.